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Tuesday, May 1, 2012

World Bank to support Nigerian agric with N144b

Minister of Agriculture, Dr. Akinwuni Adesina
Nigerian Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, has said the World Bank would support the Federal Government's Agricultural Transformation Agenda (ATA) with $900m about N144 billion, reports TheNation.
NaijaAgroNet learnt that $500 million, about N78.57 billion will be used for agriculture and the remaining $400 million, about N62.87 billion will be used to support agricultural irrigation system in the country.
Dr. Akinwunmi who attended the just concluded Nigeria Agricultural Forum held in the United States said senior directors of World Bank and country Director of Nigeria are excited that the nation is diversifying its economy through agriculture.
"They have agreed to support us in the direction we are going," the minister said.
The minister also made known that World Bank showed interest to aid the development of staple crops processing zones in Nigeria, with further attention to be paid to rice, cocoa and sorghum production.
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